Thioglycolic acid market was valued at US$ 106.8 Mn in 2022, exhibiting a CAGR of 6.2% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 162.3 Mn by 2030.
Global Thioglycolic Acid Market - Segmentation
On the basis of application, in 2022, the cosmetic segment accounted for 30% of the revenue share in the global thioglycolic acid market. Cosmetics have become an indispensable feature of modern individual’s lifestyles. In addition, growth in consciousness about external beauty along with an individual’s internal intellect has become one of the major driving factors for the use of cosmetics in the global market. Presently, along with women, there is a rise in the use of cosmetics among men in their daily routine, which complements growth of the global cosmetics market demand. Hence, such changing lifestyles have led to growth of the global thioglycolic acid market.
Figure 1: Global Thioglycolic Acid Market, By Application, 2023
Global Thioglycolic Acid Market - Trends
Global Thioglycolic Acid Market - Regional Insights
Asia Pacific dominated the Global Thioglycolic Acid Market in 2022 accounting for 58% in terms of value.
Figure 2: Global Thioglycolic Acid Market, By Application, 2023
Thioglycolic Acid Market Report Snapshots
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